Sunshine Pictures IPO GMP today is Rs 50. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
SUNSHINE
Sunshine Pictures IPO GMP & Allotment
Sunshine Pictures Limited is a production house engaged in originating, developing, producing, marketing, and distributing feature films, television programmes, and web series. The company has produced 13 commercial films, including notable successes like “Force,” “Holiday,” and “The Kerala Story,” along with two web series and three television serials. Sunshine Pictures operates on a dual-model strategy, utilizing co-productions with studios to mitigate financial risk while also undertaking sole productions to retain full intellectual property rights and maximize revenue from multiple streams. Revenue is generated from the production and distribution of films and OTT/TV serials, with additional income from its music label “Sunshine Music,” digital content vertical “Sunshine Digital (Originals),” talent management, and social media platforms. The company’s diversified content portfolio and business model position it to capitalize on evolving audience preferences in the Indian media and entertainment industry.
- IPO Price Band
- ₹342.00 - ₹360.00
- Lot Size
- 41 Shares
- Bidding Closes
- 20 Aug 2026
- Listing Date
- 25 Aug 2026
Quick Answer & Highlights
Sunshine Pictures IPO GMP Today & Key Takeaways
Last updated: 25 Aug 2026
Sunshine Pictures IPO officially listed on 25 Aug 2026 at Rs 394.00, delivering a +9.44% listing gain compared to its issue price of Rs 360.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹50.
Sunshine Pictures IPO officially listed on 25 Aug 2026 at ₹394.00, delivering a +9.44% listing gain compared to its issue price of ₹360.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹50.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹50 | +13.89% vs upper band (25 Aug 2026) |
| Est. Listing Price | ₹394.00 | +9.44% Est. Listing Gain |
| Price Band | ₹342.00 - ₹360.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,760 | 1 Lot (41 Shares) |
| Bidding Window | 18 Aug 2026 – 20 Aug 2026 | Listed |
| Allotment & Listing Dates | Allotment: 21 Aug 2026 | Listing: 25 Aug 2026 |
Current GMP Status
₹50
+13.89% vs upper band
Est. Listing Gain
+9.44%
Last Trend
25 Aug 2026
Listing Price
₹394.00
Retail Entry
₹14,760
IPO Details
Complete IPO information
| IPO Open Date | 18 Aug 2026 |
|---|---|
| IPO Close Date | 20 Aug 2026 |
| IPO Price Band | ₹342.00 - ₹360.00 |
| Lot Size | 41 Shares |
| Current GMP | ₹50 |
| Estimated Listing Gain | +9.44% |
| Issue Size | Approx ₹282.14 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 23.66x |
| Minimum Investment | ₹14,760 |
| DRHP Draft Prospectus | - |
| RHP Draft Prospectus | - |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 15.67 | 315.46 | 20.13xx |
| NII | 11.76 | 605.07 | 51.47xx |
| Retail | 27.43 | 377.31 | 13.76xx |
| Overall Subscription | 54.86 | 1,297.84 | 23.66xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Sunshine Pictures is priced at ₹360 per share. With a minimum lot size of 41 shares, a retail investor applying for one lot would need approximately ₹14,760 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Sunshine Pictures stands at ₹50, implying an estimated listing gain of around 13.89% over the issue price if it holds until listing. This is down ₹30 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Sunshine Pictures's IPO was subscribed 23.66x overall, with a category-wise breakdown of Retail 13.76x, QIB 20.13x, NII 51.47x.
Among the strengths highlighted in Sunshine Pictures's IPO documents: Exceptional and experienced leadership team.; Innovative and resilient business model with a dual production strategy..
Investors should also weigh the risk factors Sunshine Pictures has disclosed, including: Success is highly dependent on the unpredictable acceptance of content by the audience..
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
18 Aug 2026
✓
Bidding Closes
20 Aug 2026
✓
Allotment
21 Aug 2026
✓
Listing
25 Aug 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 18 Aug 2026 | Completed |
| Bidding Closes | 20 Aug 2026 | Completed |
| Allotment | 21 Aug 2026 | Completed |
| Listing | 25 Aug 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 25 Aug 2026 | ₹50.00 | -₹30.00 | 13.89% |
| 20 Aug 2026 | ₹80.00 | +₹3.00 | 22.22% |
| 19 Aug 2026 | ₹77.00 | +₹2.00 | 21.39% |
| 18 Aug 2026 | ₹75.00 | - | 20.83% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 41 | ₹14,760 |
| Retail Maximum | 13 Lot | 533 | ₹1,91,880 |
| S-HNI Minimum | 14 Lot | 574 | ₹2,06,640 |
| S-HNI Maximum | 67 Lot | 2,747 | ₹9,88,920 |
| B-HNI Minimum | 68 Lot | 2,788 | ₹10,03,680 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Exceptional and experienced leadership team.
- Innovative and resilient business model with a dual production strategy.
- Comprehensive industry network with strong relationships.
- Expertise in intellectual property monetization.
- Diversified portfolio across films, TV, and digital content.
Risks
- Success is highly dependent on the unpredictable acceptance of content by the audience.
- The business is subject to the inherent volatility of the entertainment industry.
- Limited global market penetration.
- Intense competition from other production houses.
- Risks related to intellectual property infringement claims.
Analysis
Sunshine Pictures IPO Reservation
The Sunshine Pictures IPO has a category-wise reservation for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and Anchor Investors.
As per the provided reservation structure, 50% of the offer is allocated to Qualified Institutional Buyers, excluding the anchor investor portion. 15% is reserved for Non-Institutional Investors, while 35% is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares offered under each investor category is currently unavailable in the provided data. The share quantities can be updated once the final Sunshine Pictures IPO category-wise reservation and anchor allocation details are available.
Analysis
Sunshine Pictures IPO Anchor Investors
The Sunshine Pictures IPO anchor investor bidding is scheduled for August 17, 2026, one day before the IPO opens for public subscription. The final anchor allocation will provide details regarding institutional participation in the issue.
As per the provided lock-in schedule, 50% of the shares allotted to anchor investors will have a 30-day lock-in period ending on September 16, 2026. The remaining 50% of anchor shares will have a 90-day lock-in period ending on November 15, 2026.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 17, 2026 |
| Anchor Investors List | To be Updated |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | September 16, 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | November 15, 2026 |
Note: The anchor investor names, number of shares allocated and total anchor investment amount are currently unavailable in the provided data. These details can be updated once the final Sunshine Pictures IPO anchor allocation is announced.
Analysis
Sunshine Pictures IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 18 Aug 2026 |
| IPO Close Date | 20 Aug 2026 |
| Basis of Allotment | 21 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 25 Aug 2026 |
Note: The timeline for Sunshine Pictures IPO is tentative and subject to change.
Analysis
Sunshine Pictures IPO Promoters and Holding Pattern
The promoters of Sunshine Pictures are Vipul Amrutlal Shah, Shefali Vipul Shah, Aryaman Vipul Shah and Maurya Vipul Shah. Before the IPO, the promoter and promoter group collectively hold the entire pre-issue share capital of the company.
The promoter and promoter group hold 2,63,48,750 equity shares, representing 100% of the company's pre-IPO shareholding. Following completion of the IPO, promoter and promoter group ownership is expected to reduce to approximately 74.84%, while other shareholders are expected to hold approximately 25.16%.
Promoters of Sunshine Pictures
- Vipul Amrutlal Shah
- Shefali Vipul Shah
- Aryaman Vipul Shah
- Maurya Vipul Shah
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 2,63,48,750 | 100% | – | 74.84% |
| Others* | – | -% | – | 25.16% |
| Total | 2,63,48,750 | 100% | 3,11,48,784 | 100% |
Note: The above table summarizes the provided pre-IPO and post-IPO shareholding pattern of Sunshine Pictures. Promoter and promoter group ownership is expected to decrease from 100% before the IPO to approximately 74.84% following completion of the issue.
Analysis
Sunshine Pictures Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Sunshine Pictures About IPO
Sunshine Pictures Limited, founded in 2007, is one of the leading companies involved in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series. Sunshine Pictures is a technology-driven content creator involved in making commercial films, covering script development, production, intellectual property creation, rights monetization, and distribution. Force, Commando, Holiday, Force 2, Commando 2, and The Kerala Story are some of the highly popular movies that were made by the company.
Sunshine Pictures has made 10 commercial films (6 of them co-produced), 2 web series, 2 TV serials, and 1 short film. Also, currently, it is co-producing 2 films with Jio Studios and working on 1 web series for Doordarshan. Moreover, the company is also active on YouTube, Instagram, and Facebook channels 162,960 YouTube subscribers, 9.18 crore views, and 104,500 followers across Instagram and Facebook, generating additional revenue. The company includes a total of 28 permanent employees as of December 15, 2024.
Analysis
Sunshine Pictures Company Financials
To Be Updated Soon
Analysis
Sunshine Pictures Company Valuation – FY2026
To Be Updated Soon
Analysis
Sunshine Pictures IPO Peer Group Comparison
To Be Updated Soon
Analysis
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt. Ltd.
Comparison
Compare Sunshine Pictures IPO with similar IPOs
FAQ
Sunshine Pictures IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 50 and an issue price of Rs 360, the estimated listing price for Sunshine Pictures IPO is Rs 410.00 (approx 13.89% listing gain). Actual listing price is determined by market demand on the listing day.
Sunshine Pictures IPO price band is Rs 342.00 to Rs 360.00. Check the latest issue price, lot size and GMP together before applying.
Sunshine Pictures IPO open date is 18 Aug 2026, close date is 20 Aug 2026, and listing date is 25 Aug 2026.
Sunshine Pictures IPO lot size is 41 shares. The minimum retail investment is Rs 14,760.
Sunshine Pictures is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Sunshine Pictures IPO subscription status currently shows Retail 13.76x, QIB 20.13x, NII 51.47x, Overall 23.66x.
Sunshine Pictures Limited is a production house engaged in originating, developing, producing, marketing, and distributing feature films, television programmes, and web series. The company has produced 13 commercial films, including notable successes like “Force,” “Holiday,” and “The Kerala Story,” along with two web series and three television serials. Sunshine Pictures operates on a dual-model strategy, utilizing co-productions with studios to mitigate financial risk while also undertaking sole productions to retain full intellectual property rights and maximize revenue from multiple streams. Revenue is generated from the production and distribution of films and OTT/TV serials, with additional income from its music label “Sunshine Music,” digital content vertical “Sunshine Digital (Originals),” talent management, and social media platforms. The company’s diversified content portfolio and business model position it to capitalize on evolving audience preferences in the Indian media and entertainment industry.
Sunshine Pictures IPO issue size is 282.14 and the expected allotment date is 21 Aug 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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